Finding the right insurance company can be tricky. You want to find a provider that offers robust coverage options at affordable rates, while also providing top-notch customer service. Safeco Insurance Company of Oregon checks all those boxes and more. As a leading personal lines insurer in the Pacific Northwest and across the country, Safeco delivers outstanding products through trusted independent agents.
In this comprehensive guide, we’ll explore Safeco Insurance Company of Oregon’s history, financial strength, available policies, discounts, and reputation. Whether you need auto, home, motorcycle or other coverage, read on to see if Safeco is the right fit for you.
Overview of Safeco Insurance Company of Oregon
Safeco Insurance Company of Oregon is a property and casualty insurance carrier that sells policies exclusively through independent insurance agencies. It is a subsidiary of Liberty Mutual Insurance Group, which acquired the Safeco brand in 2008. Here are some key facts about Safeco Insurance Company
- Founded in 1923 originally as General Insurance Company of America
- Based in Boston, MA but licensed to operate in all 50 states
- Specializes in auto, home, motorcycle, boat, and other personal insurance products
- Sold only through a network of over 10,000 independent insurance agents nationwide
- Consistently earns strong financial strength ratings from AM Best and Standard & Poor’s
- Maintains excellent customer service reputation based on reviews and surveys
Safeco Insurance serves over 4 million policyholders across the United States. While it operates nationally the company maintains a significant presence and history in the Pacific Northwest states.
Safeco Insurance Company of Oregon’s Financial Strength
When choosing an insurance provider you want to be sure they will have the financial capability to pay out claims even after major catastrophes. As part of Liberty Mutual Safeco has exceptional financial strength
- Over $48 billion in annual consolidated revenue
- More than $125 billion in total assets
- Consistently maintains “A” rating for financial strength from AM Best
- Standard & Poor’s awarded “A” rating with positive outlook
These ratings mean experts see Liberty Mutual and Safeco as financially stable companies with excellent abilities to meet ongoing insurance obligations. You can trust that Safeco policies are backed by exceptional financial standing.
Auto Insurance from Safeco in Oregon
One of Safeco’s core product offerings is auto insurance. Safeco auto policies provide all the standard coverages required in Oregon at affordable rates:
Liability Coverage: Pays for injuries or property damage you cause to others, with minimum limits of 25/50/20 in Oregon.
Uninsured/Underinsured Motorist: Protects you if you’re hit by a driver with no or inadequate insurance.
Personal Injury Protection: Covers medical expenses for you and passengers, regardless of fault.
Comprehensive & Collision: Optional coverages that pay to repair your vehicle after accidents, theft, vandalism, weather damage and more.
Safeco also offers useful add-ons like rental reimbursement, roadside assistance, rideshare coverage and accident forgiveness to customize your auto policy. Bundling your car with home insurance can save up to 20% in Oregon.
Homeowners & Renters Insurance Options
In addition to auto coverage, Safeco Insurance Company provides policies to protect homeowners and renters in Oregon.
Homeowners Insurance covers your dwelling, other structures, personal belongings and liability against common risks including fire, lightning, theft, wind damage, vandalism and more. You can choose replacement cost or actual cash value coverage. Options like water backup, earthquake and equipment breakdown can be added for an additional premium.
Renters Insurance provides similar protection for your personal property inside a rented apartment, condo or house. Liability shields you if someone is injured inside your rental. Safeco also offers modified renters policies for students away at college in Oregon.
Bundling home and auto insurance with Safeco gives Oregon customers a multi-policy discount up to 20% off.
Specialty Insurance Offerings in Oregon
Beyond car and home insurance, Safeco Insurance Company offers coverage for recreational vehicles, motorcycles, boats, collectible cars and more in Oregon.
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Motorcycle insurance covers liability, accessories, collision, comp and medical payments. Safeco offers coverage for all types of bikes including sport bikes, cruisers, touring bikes and more.
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Boat insurance provides agreed value coverage and can include wreckage removal, fuel spill liability, medical payments and coverage for fishing equipment.
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RV insurance protects motorhomes and travel trailers with options like vacation liability, full timer’s coverage and replacement cost coverage for personal belongings.
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Classic car insurance offers agreed value coverage, spare parts protection, auto show medical reimbursement and more for collector vehicles.
With Safeco’s wide range of insurance offerings, you can protect all your prized vehicles and toys under one policy in Oregon.
Discounts Offered by Safeco in Oregon
Safeco offers many opportunities for policy discounts to Oregon customers:
- Multi-policy discount for bundling home and auto insurance
- Multi-car discount for covering multiple vehicles on one policy
- Good student discount for teens with 3.0+ GPA
- Student away discount for dependents temporarily located more than 100 miles from home
- Military discount for active duty and retired military members
- Hybrid/electric vehicle discount
- Defensive driver discount for accident-free drivers
- Anti-theft device discount
- Advance quote discount when getting a quote well before your policy renews
Discounts help offset the cost of robust protection. Make sure to inquire about all possible savings when you get a Safeco insurance quote.
Safeco Insurance Reviews and Reputation
With nearly 100 years in the insurance industry, Safeco has earned an excellent reputation for customer service. Reviews on sites like Trustpilot reveal happy customers across the country.
Safeco is known for smooth claims handling, with many reviewers praising the quick payments and efficient adjusters after accidents and other losses. The company also receives high marks for helpful agents and responsive customer service when policy questions arise.
While premiums may run slightly higher than bare-bones insurers, most feel the combination of quality coverage and experienced claims handling is worth the reasonable cost. Before buying a policy, it pays to get quotes from multiple carriers including Safeco to find your best option.
Is Safeco Right for You?
When shopping for insurance in Oregon, Safeco Insurance Company deserves strong consideration. As a Liberty Mutual brand, Safeco offers:
- Broad coverage options for auto, home, motorcycles, boats and more
- Ability to bundle policies for added convenience and discounts
- Strong financial backing with “A” ratings from leading agencies
- Excellent customer service reputation based on reviews
- Availability through local independent insurance agencies
To learn more and request a free quote, visit the Safeco website and connect with one of their trusted agents near you in Oregon today.
Safeco Insurance Get coverage for everything from your auto and home to your boat, motorcycle, and R Get a quote
Safeco Insurance® has been helping people get the insurance they need at a price they can afford for more than 90 years. Many people stick with old policies because they think shopping for insurance is complicated and time consuming. Luckily for you, getting a Safeco Insurance quote is quick and painless.
Personalizing insurance coverage is easier than you think. With Safeco Insurance, there are many options to make sure you get great coverage without stretching your budget.
Safeco Home Insurance Coverage and Discounts
Safeco helps people protect whats most important. Your home and its contents are some of your most valuable investments. A standard Safeco home insurance policy covers damage from a number of different risks, such as hail, theft, fire, and more.
- The physical structure of your home.
- Other structures, including sheds and garages.
- Your furniture, clothing, and other possessions.
- living costs if your home is damaged and can’t be lived in because of a covered loss
- Damage to property, medical bills, or legal fees if you’re responsible for an accident on your property
Damage from flooding, sewer backups, sinkholes and earthquakes is often not covered by policies. If you want to protect your home and belongings from these perils, youll need separate coverage.
- Age of your home.
- History of renovations to the plumbing, electric or HVAC systems.
- Type of roof you have, and any history of updates.
- Type of foundation.
- Distance to the nearest fire hydrant and station.
- Type of heating and cooling systems.
- Pet breed.
Your credit score, the size and age of your home, your history of making claims, and other things affect how much your home insurance costs. Call us today to get a quote for your personalized options.
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FAQ
Are Liberty Mutual and Safeco the same?
Is Safe Auto and Safeco the same company?
Where is Safeco Insurance Company located?
Safeco Insurance Company of Oregon (NAIC #11071) is domiciled in Oregon and licensed in Georgia, Louisiana, Oregon, and Washington. Safeco Lloyds Insurance Company (NAIC #11070) is domiciled in Texas and licensed only in Texas.
Is Safeco a good insurance company?
On ConsumerAffairs, Safeco’s rating is 3.1, and Trustpilot gave the company a rating of 2.6. Most customers have complained about the way the home insurance company handles and settles claims.
Who is Safeco homeowners insurance?
Welcome to Safeco Homeowner’s Insurance! In business since 1923, we are a national Fortune 500 property and casualty insurance company based in Seattle, Washington. We sell insurance to over 4.3 million drivers, homeowner’s, and small- and mid-sized businesses nationwide
Who represents Safeco Insurance?
Insurance Brokers Group is one of the leading brokerages that represents Safeco Insurance. Ready to compare insurance rates? Contact local Safeco Insurance agents in your area for quotes on auto, home, boat, RV, Motorcycle insurance and more.